Altus Intervention
Altus Intervention delivers Baker Hughes' integrated well intervention services and proprietary technologies — e-line, coiled tubing, fishing, plug & abandonment, and digital performance — to global oil and gas operators across Europe, the Americas, Africa, and Asia.
- Company typePublic
- Founded2017
- HeadquartersStavanger, Norway
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What Altus Intervention does
Altus Intervention operates within Baker Hughes' Well Intervention portfolio, providing integrated services and technology for oil and gas well intervention from construction through abandonment. The offering centers on a platform-plus-modules architecture combining proprietary e-line, coiled tubing, fishing, plug-and-abandonment, thru-tubing, workover, and wireline services with branded technology pillars — PRIME (e-line intervention platform), TeleCoil (real-time coiled tubing telemetry), AquaCUT (water conformance chemistry), Certia (pipe recovery), and digital layers including the CHOREOGRAF Digital Performance Engine and xSight Analytics. Supporting mechanical tools (Hercules multistring cutter, Downhole Electric Cutting Tool, X-treme whipstock systems, mechanical pipe cutters) round out a catalog spanning precision downhole cutting, window milling, production logging, and well integrity evaluation.
The company serves oil and gas exploration and production operators globally, with documented field execution in Norway, North Africa, the Gulf of Mexico, Mexico, China, Germany, Italy, and Egypt. Revenue is generated through enterprise field sales under quote-based, multi-year commercial arrangements, delivered via direct sales teams, channel partners, and alternative business models that extend beyond equipment sales and rentals. The intervention value proposition targets high-cost pain points — non-productive time, personnel-on-board costs, water production, stuck pipe, and regulatory-driven plug-and-abandonment compliance — and is differentiated by measurable field outcomes documented in case studies (e.g., 50% operational time saved, 65% cost reduction, 18% reduced water cut with 110% increased oil production in specific deployments).
Altus Intervention firmographics
Firmographics- Name
- Altus Intervention
- Legal name
- Baker Hughes Company
- Website
- https://altusintervention.com
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Altus Intervention delivers Baker Hughes' integrated well intervention services and proprietary technologies — e-line, coiled tubing, fishing, plug & abandonment, and digital performance — to global oil and gas operators across Europe, the Americas, Africa, and Asia.
- Ownership category
- akta.pro rank
Altus Intervention industry classification
Industry- Product category
- Oilfield Well Intervention Services
- NAICS
- Support Activities for Oil and Gas Operations (213112), Drilling Oil and Gas Wells (213111)
- SIC
- Oil & Gas Field Machinery & Equipment (3533), Oil & Gas Field Services, Nec (1389)
- akta.pro primary industry
- Well Intervention, Workover & Integrity Management (EUALAAAJ)
- akta.pro secondary industries
- Well Intervention, Workover & Integrity (Coiled Tubing, Wireline, Plug & Abandonment) (EUAAAAAL), Completion Tools & Subsurface Equipment (Packers, Liners, Valves, Sand Control) (EUALABAD), Production Operations & Artificial Lift (Surface Facilities, Compression, Flow Assurance) (EUAAAAAK)
Keywords
Where Altus Intervention is headquartered
LocationHeadquarters
- HQ city
- Stavanger
- HQ country
- Norway
- HQ region
- Europe
Markets served
Altus Intervention business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain
Revenue model
- Well Intervention Services: Comprehensive well intervention services including coiled tubing systems, fishing services, plug and abandonment, remedial completions, thru-tubing intervention, tubular services, and workover systems. Services are delivered through integrated project management with technology-enabled execution.
- Technology Licensing and Equipment: Sale and licensing of proprietary intervention technologies including PRIME platform, AquaCUT, TeleCoil, Certia, and related equipment such as the Hercules multistring cutter, mechanical pipe cutters, and downhole cutting tools.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom enterprise engagement |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Altus Intervention product offering
Product offeringCore offering
Altus Intervention delivers comprehensive oil and gas well intervention services and proprietary intervention technologies across the well lifecycle — from construction through abandonment. The portfolio spans coiled tubing systems, fishing services, plug and abandonment, remedial completions, thru-tubing intervention, tubular services, and workover systems, supported by a technology stack including the PRIME e-line platform, TeleCoil telemetry, AquaCUT water conformance, and Certia pipe recovery. Digital performance is enabled through the CHOREOGRAF engine and xSight analytics for data-driven optimization.
Product overview
Baker Hughes Well Intervention provides a comprehensive portfolio of technology, expertise, and innovative solutions for oil and gas well intervention operations. The offering operates as a platform-plus-modules architecture centered on key technology pillars including PRIME Technology Platform (e-line intervention), TeleCoil (coiled tubing telemetry), AquaCUT (water conformance), and Certia (pipe recovery). Supporting services include coiled tubing systems, fishing services, plug and abandonment, thru-tubing intervention, workover systems, wireline cased-hole logging, and well integrity evaluation. Digital capabilities are delivered through CHOREOGRAF Digital Performance Engine and xSight analytics for data-driven optimization. The portfolio spans from conventional mechanical tools (Hercules multistring cutter, X-treme whipstock systems) to advanced digital solutions, enabling interventions from well construction through abandonment.
Differentiator
Problem solved
Functional benefit
Brands
- Cordant: Flexible and connected digital solutions for industrial machines, equipment, and systems.
- PRIME
- AquaCUT
- TeleCoil
- Certia
- CHOREOGRAF
- Leucipa
- iCenter
Products and services
- CHOREOGRAF Digital Performance Engine Digital performance platform for well intervention operations enabling real-time monitoring, data-driven optimization, and operational excellence for oil and gas operators.
- PRIME Technology Platform E-line well intervention platform for precision operations, with documented record-breaking debris cleanout performance, designed for oil and gas operators.
- AquaCUT Water conformance technology that reduces water cut without reducing oil production, extending the economic life of wells in rigless operations.
- TeleCoil Intelligent coiled tubing monitoring and telemetry service providing continuous, instant downhole feedback during interventions for precise control and real-time decision-making.
- Certia Wireline pipe recovery solution that pinpoints the location of free pipe efficiently, reliably, and with low risk; identifies cut depth in a single run.
- Coiled Tubing Systems & Services Comprehensive coiled tubing services including cleanout, fracturing, telemetry, extended reach lateral services, and specialty applications for oil and gas operators.
- Fishing Services Conventional fishing services and specialty tools including casing and tubing cutters, mechanical slotting tools, whipstock systems, and casing backoff tools.
- Plug & Abandonment Services Integrated well abandonment solutions including conductor/wellhead removal, barrier installation, cementing services, and well preparation.
- Remedial Completions Intervention and remediation services for restoring or improving well completion performance.
- Smart Intervention Advanced intervention technologies including E-line deployed tractor conveyance for challenging well geometries.
- Thru-tubing Intervention Thru-tubing intervention services including fishing, milling, and wellbore cleanup operations.
- Tubular Services Comprehensive tubular running services and pipe recovery solutions for intervention operations.
- Workover Systems Workover motor and milling services for well intervention and remediation operations.
- xSight Analytics Digital well production software and analytics service for monitoring and optimizing intervention outcomes.
- Wireline Cased-hole Logging Cased-hole formation evaluation services including production logging and cement evaluation.
- Wireline Well Integrity Evaluation Well integrity assessment services including cement evaluation and simultaneous cement and casing evaluation.
Quantifiable outcome
- 100L collected per run, 1400L total debris removed, 98% effective on-task time, 280m of wellbore cleared in Norway PRIME deployment
- +3 more outcomes
Companies that use Altus Intervention
Customer profileSegments1 record
Ideal customer profiles1 record
Altus Intervention technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Altus Intervention partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- io consultingminorIo consulting is listed as a subsidiary/consultancy service under the Baker Hughes company umbrella, providing specialized consulting services in the energy sector.
Scale indicators1 record
Recent moves6 records
Expansion highlights5 records
Altus Intervention competitors and assessment
Company assessmentDirect peers
- Weatherford International: Specialized oilfield services and equipment provider with strong well intervention, coiled tubing, fishing, and plug & abandonment capabilities. Closely comparable product mix and customer overlap in mature basin interventions.
- Helix Energy Solutions Group: Specialist in well intervention and decommissioning services with offshore well intervention vessels. Direct comparable in plug & abandonment, subsea well intervention, and Gulf of Mexico / North Sea operations.
- Oceaneering International: Provider of intervention services, remotely operated vehicles, and tooling to the oil and gas industry. Comparable in well intervention tooling, marine-based intervention, and supporting operators in mature offshore basins like the Gulf of Mexico.
- Archer Limited: Oilfield services company focused on well intervention, integrity, and P&A. Direct comparable in coiled tubing, wireline, fishing, and plug & abandonment services, primarily serving the North Sea market.
Regional players
- Trican Well Service: Canadian-based well intervention specialist providing coiled tubing, cementing, and P&A services. Comparable in service-line composition though primarily focused on the Canadian market rather than the global footprint of Baker Hughes Well Intervention.
Broad incumbents
- SLB (Schlumberger): World's largest oilfield services company with a comprehensive well intervention portfolio spanning coiled tubing, fishing, P&A, and digital production solutions. Directly comparable as a full-service OFS competitor with overlapping coiled tubing and well intervention offerings.
- NOV (National Oilwell Varco): Provider of oilfield equipment and intervention tools, including coiled tubing units, pressure control equipment, and downhole tools. Comparable in supplying intervention-grade equipment and integrated well services to operators.
- TechnipFMC: Integrated subsea and oilfield services provider with intervention and production enhancement offerings. Comparable in serving operators globally with technology-enabled well services, though with stronger subsea weighting.
- Halliburton: Major global oilfield services provider with significant well intervention, completion tools, and downhole equipment offerings. Direct competitor in coiled tubing, fishing, P&A, and remedial completions across the same oil and gas operator customer base.
Emerging players
- Core Laboratories: Provider of reservoir description and production enhancement services with overlapping intervention-adjacent offerings. Comparable in serving operators with technical, data-driven well intervention and production optimization solutions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Altus Intervention social profiles
Digital presenceAltus Intervention financial estimates
Financial estimateRevenue estimate
Valuation estimate
Altus Intervention leadership team
Management profileNumber of profiles
Altus Intervention subsidiaries and ownership
Company hierarchySubsidiaries8 records
Altus Intervention funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Altus Intervention M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Altus Intervention
What does Altus Intervention do?
Altus Intervention delivers comprehensive oil and gas well intervention services and proprietary intervention technologies across the well lifecycle — from construction through abandonment. The portfolio spans coiled tubing systems, fishing services, plug and abandonment, remedial completions, thru-tubing intervention, tubular services, and workover systems, supported by a technology stack including the PRIME e-line platform, TeleCoil telemetry, AquaCUT water conformance, and Certia pipe recovery. Digital performance is enabled through the CHOREOGRAF engine and xSight analytics for data-driven optimization.
Is Altus Intervention a public or private company?
Altus Intervention is a public company. It is classified as public and is currently operating.
When was Altus Intervention founded?
Altus Intervention was founded in 2017. It employs 5,001 to 10,000 people.
Where is Altus Intervention based?
Altus Intervention is headquartered in Stavanger, Norway, in the Europe region.
How does Altus Intervention make money?
Two revenue lines are on record. Well Intervention Services are the primary driver. The others are technology Licensing and Equipment.
Who are Altus Intervention's main competitors?
Direct peers on record are Weatherford International, Helix Energy Solutions Group, Oceaneering International and Archer Limited. Trican Well Service is listed as a regional player. Broad incumbents are SLB (Schlumberger), NOV (National Oilwell Varco), TechnipFMC and Halliburton. Core Laboratories is listed as an emerging player.
Does Altus Intervention have an API?
No public API is recorded for Altus Intervention.
What industry is Altus Intervention in?
Altus Intervention's product category is Oilfield Well Intervention Services. Its primary akta.pro industry code is EUALAAAJ, Well Intervention, Workover & Integrity Management, with a secondary code of EUAAAAAL, Well Intervention, Workover & Integrity (Coiled Tubing, Wireline, Plug & Abandonment). Its NAICS code is 213112 and its SIC code is 3533.